The International Finance Corporation invests Rs 420 crore in Birla Estates' Thane and Pune projects, grabbing a 44% stake in SPVs to build 9.5 million sq ft of eco-friendly homes. This move targets first-time buyers in Thane, boosts jobs, and pushes sustainable urban growth amid India's housing crunch. A game-changer for affordable, green living.
Thane's residential market shifts focus to compact homes, with 2BHKs comprising 45% of 65,800 new units between FY 2020-2025, driven by affordability and smaller budgets.